Amarjothi Spinning Mills (BOM:521097) Debt-to-Equity : 0.34 (As of Mar. 2024)

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What is Amarjothi Spinning Mills Debt-to-Equity?

Amarjothi Spinning Mills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹235 Mil. Amarjothi Spinning Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹419 Mil. Amarjothi Spinning Mills's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹1,934 Mil. Amarjothi Spinning Mills's debt to equity for the quarter that ended in Mar. 2024 was 0.34.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Amarjothi Spinning Mills's Debt-to-Equity or its related term are showing as below:

BOM:521097' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.84 Max: 1.48
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Amarjothi Spinning Mills was 1.48. The lowest was 0.34. And the median was 0.84.

BOM:521097's Debt-to-Equity is ranked better than
56.97% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs BOM:521097: 0.34

Amarjothi Spinning Mills Debt-to-Equity Historical Data

The historical data trend for Amarjothi Spinning Mills's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Amarjothi Spinning Mills Debt-to-Equity Chart

Amarjothi Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.93

0.51

0.58

0.36

0.34

Amarjothi Spinning Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.36	N/A	0.21	0.25	0.34

Competitive Comparison of Amarjothi Spinning Mills's Debt-to-Equity

For the Textile Manufacturing subindustry, Amarjothi Spinning Mills's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Amarjothi Spinning Mills's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Amarjothi Spinning Mills's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Amarjothi Spinning Mills's Debt-to-Equity falls into.

Amarjothi Spinning Mills Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Amarjothi Spinning Mills's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(234.71	+	418.757)	/	1933.972
	=	0.34

Amarjothi Spinning Mills's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(234.71	+	418.757)	/	1933.972
	=	0.34

Amarjothi Spinning Mills (BOM:521097) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Amarjothi Spinning Mills Debt-to-Equity Related Terms

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Amarjothi Spinning Mills (BOM:521097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Amarjothi Spinning Mills Ltd (BOM:521097) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

157, Kumaran Road, Amarjothi House, Tirupur, TN, IND, 641601

Website

http://www.amarjothi.net

Amarjothi Spinning Mills Ltd is engaged in the spinning, dyeing, and blending of yarn. The company owns windmills for captive consumption purposes. Further, it offers blended melange yarns products such as cotton, viscose, polyester, modal, synthetic fiber, man-made fiber, bamboo, flax, and slub yarns, as well as non-blended melange yarns and melange shades. Geographically business activity of the firm is operated through the regions of India and derives revenue from the sale of products.

Amarjothi Spinning Mills (BOM:521097) Headlines

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